This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:48 GMT

Home > Title 28 > Part 1 > Chapter 4 >Subchapter O > Rule 4.1508
TITLE 28 - INSURANCE
PART 1 - TEXAS DEPARTMENT OF INSURANCE
CHAPTER 4 - LIFE AND ANNUITY
SUBCHAPTER O - VARIABLE LIFE INSURANCE
SECTION/RULE §4.1508 - Application

The application for a variable life contract must contain:(1) a prominent statement that the death benefit may be variable or fixed under specified conditions;(2) a prominent statement that cash values may increase or decrease in accordance with the experience of the separate account (subject to any specified minimum guarantees); and(3) questions designed to elicit information that enables the insurer to determine the suitability of variable life insurance for the applicant.

Source Note: The provisions of this §4.1508 adopted to be effective June 5, 1985, 10 TexReg 1676; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250.

View Official Rule